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Another 'Toy Story' Sequel Around The Bend

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To the surprise of many, Walt Disney Co (NYSE: DIS) and Pixar's announced last week that a new "Toy Story" movie is in the works.

Disney and Pixar are aiming to have the highly anticipated "Toy Story 4" out for June 16, 2017. Director of both "Toy Story" and "Tory Story 2", John Lasseter, will be returning to the chair once again.

"We love these characters so much; they are like family to us," Lasseter said in a press release. "We don't want to do anything with them unless it lives up to or surpasses what's gone before.”

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Lasseter will also be working on the screenplay along with Andrew Stanton ("Finding Nemo"), Pete Docter ("Up"), Lee Unkrich, who worked as editor on the first two "Toy Story" films, and others. Lasseter noted that he didn't think he would return to the franchise, but he loved the concept of the new film so much that he felt compelled to.

Right now, all reports from those involved with the film are leading to the plot being a love story between two of the toys in Woody and Buzz's crew.

The news came fresh off of Disney's Q4 revenue rise that came in ahead of expectations at 7 percent, or $12.39 billion, while taking in a net income rise of 8 percent, or $1.5 billion.

Disney recently traded Wednesday at $89.89.

Jason Papallo had no position with the mentioned entities while writing this article. Visit Jason on Twitter at @JasonPapallo.

Posted-In: ABC Good Morning America Toy StoryTopics Media General


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